MERRILEA, HAMSTEAD ROAD, CRANMORE, YARMOUTH, PO41 0YB - £570,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MERRILEA is a very large detached house of 197m², built sometime between 2003 and 2006. It was last sold for £570,000 in January 2010, which was around 127% above the average January 2010 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

MERRILEA Sold Prices

Land registry data shows three sales for MERRILEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. One of the three MERRILEA sales was for above the average price, whilst two were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2010 7 JAN	£570,000	£251,088	127% above HPI
2005 19 APR	£220,000	£236,958	7% below HPI
2001 21 MAY	£92,000	£133,416	31% below HPI

MERRILEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The three MERRILEA sales between May 2001 and January 2010 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2005 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the January 2010 sale, where it rises to 127% above the HPI. The line then continues to track at 127% above the HPI.

How Large is MERRILEA?

MERRILEA is 197m² according to the EPC inspection conducted in July 2009. This puts it in the largest 20% of detached houses in Cranmore, based on EPC data. The below chart shows the distribution of detached houses by size in Cranmore, and where MERRILEA lies on this distribution: 83% of detached houses are smaller than MERRILEA, and 17% of houses are larger. Note that EPC data is not available for all properties in Cranmore.

MERRILEA: Plot and Title Map

MERRILEA sits on a plot of roughly 1.6 acres, or 6,536m². The below map shows the location of MERRILEA, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of MERRILEA). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is MERRILEA?

MERRILEA is located on HAMSTEAD ROAD in CRANMORE, in the PO41 postcode district. The below map shows the position of MERRILEA on HAMSTEAD ROAD.